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Fan, Joseph P. H. - 2011

Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist …

Persistent link: https://www.econbiz.de/10013117212

Buera, Francisco J. - 2009

We study the evolution of market-oriented policies over time and across countries. We consider a model in which own and neighbors' past experiences influence policy choices, through their effect on policymakers' beliefs. We estimate the model using a large panel of countries. We find that there...

Persistent link: https://www.econbiz.de/10012765566

People'S Opium? Religion and Economic Attitudes

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - 2021

Since Max Weber, there has been an active debate on the impact of religion on people's economic attitudes. Much of the existing evidence, however, is based on cross-country studies in which this impact is confounded by differences in other institutional factors. We use the World Values Surveys...

Persistent link: https://www.econbiz.de/10013236680

The 1991 Reforms, Indian Economic Growth, and Social Progress

Agarwal, Manmohan - 2013

This paper analyzes the effects of the reforms initiated in India following the balance of payments (BOP) crisis of 1991 on economic performance. We do not find persuasive the contention of many analysts that growth accelerated after the mid-1980s when reforms were initiated. Nor does...

Persistent link: https://www.econbiz.de/10013082166

Big Business Stability and Social Welfare

Fogel, Kathy - 2013

Many countries appear to have excessively stable big business sectors, in that higher rates of big business turnover have been correlated with faster economy growth. Public policies that stabilize big business sectors are sometimes justified as supportive of social objectives. We find no...

Persistent link: https://www.econbiz.de/10012753593

African Poverty is Falling...Much Faster than You Think!

Sala-i-Martin, Xavier - 2013

The conventional wisdom that Africa is not reducing poverty is wrong. Using the methodology of Pinkovskiy and Sala-i-Martin (2009), we estimate income distributions, poverty rates, and inequality and welfare indices for African countries for the period 1970-2006. We show that: (1) African...

Persistent link: https://www.econbiz.de/10013095077

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron - 2012

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others … will free- ride on the cutthroat incentives of the leaders and choose a more "cuddly" form of capitalism. Paradoxically … equilibrium, it is not a best response for the cutthroat capitalists to switch to a more cuddly form of capitalism. We also show …

Persistent link: https://www.econbiz.de/10013099537

Capitalism and Democracy in 2040 : Forecasts and Speculations

Fogel, Robert W. - 2010

While the economies of the fifteen countries that were in the European Union (EU15) in 2000 will continue to grow from now until 2040, they will not be able to match the surges in growth that will occur in South and East Asia. In 2040, the Chinese economy will reach $123 trillion, or nearly...

Persistent link: https://www.econbiz.de/10012760039

Democratic Capital : The Nexus of Political and Economic Change

Persson, Torsten - 2010

We study the joint dynamics of economic and political change. Predictions of the simple model that we formulate in the paper get considerable support in a panel of data on political regimes and GDP per capita for about 150 countries over 150 years. Democratic capital -- measured by a nation's...

Persistent link: https://www.econbiz.de/10012761656

The Rise and Decline of General Laws of Capitalism

Acemoglu, Daron - 2014

, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …

Persistent link: https://www.econbiz.de/10013039764